[May 28, 2024]

Edgewater Wireless Unveils Additional Pioneering Spectrum Slicing Patent Application

Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, proudly announces the submission of the second patent application within the invention titled "Method and Apparatus for In-Band Multi-Channel Determination and Utilization."

"This patent application, the second in a series of applications, underscores Edgewater's commitment to innovation and excellence in the ever-evolving realm of Wi-Fi technology," stated Andrew Skafel, President and CEO of Edgewater Wireless Systems Inc. "With over 26 granted patents and counting, our Spectrum Slicing expertise is now augmented by a new era of application-layer intelligence, poised to redefine the $39.4 billion global Wi-Fi market¹."

This application has been filed as US Patent Application No. 18/643,386 and International Application No. PCT/CA2024/050533. The US and international patent applications are based on US Provisional Application No. 63/461,709 filed in April of 2023. This second patent application, in a series, describes the part of the overall invention that uses an algorithm stack to ingest available information about the health of the available Wi-Fi channels within the channelized spectral environment created with the methods described in the first patent application. The algorithm then determines which existing channels within the Spectrum Slicing-enabled radio array can be utilized for traffic or should be disengaged. The algorithmic stack detailed in this patent application describes an artificially intelligent component within the greater invention.

As the industry experiences a rapid transition to WiFi7, characterized by Multi-Link Operation (MLO), the significance of Spectrum Slicing has never been more pronounced. The new patent application marks a pivotal moment in Edgewater Wireless' journey, fortifying its intellectual property portfolio and reaffirming its position as an industry leader.

Edgewater Wireless (www.edgewaterwireless.com) continues to redefine Wi-Fi with its cutting-edge Multi-Channel, Single Radio (MCSR) technology and Spectrum Slicing soltions. With a proven track record of delivering next-generation Wi-Fi experiences, Edgewater Wireless remains at the forefront of innovation in the industry.

For more information, please visit www.edgewaterwireless.com.

About Edgewater Wireless
We make Wi-Fi. Better.
Edgewater Wireless Systems Inc. is a leading provider of innovative Spectrum Slicing technology for residential and commercial markets. With a focus on high-density and high-quality service needs, Edgewater Wireless develops advanced Wi-Fi silicon solutions, Access Points, and IP licensing. With over 26 granted patents, Edgewater Wireless continues to revolutionize Wi-Fi, making it better for everyone.

Edgewater's physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Think of Spectrum Slicing like moving from a single-lane road to a multi-lane highway - regardless of Wi-Fi technology. The recently completed Proof of Concept (PoC) with a major Tier 1 Service Provider showed 7 to 18 times performance gains in 75% of homes surveyed. Interestingly, homes with the most devices saw the greatest improvements.

For more information, visit www.edgewaterwireless.com.

Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless' actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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¹ Source: https://www.prnewswire.com/news-releases/wi-fi-market-worth-39-4-billion-by-2028---exclusive-report-by-marketsandmarkets-301971472.html

View source version on businesswire.com: https://www.businesswire.com/news/home/20240528121409/en/

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